Bitcoin Rally Stalls as ETF Inflows Top $1 Billion, Price Slips Below $82,500
Photo: TheCoinrise
Spot Bitcoin ETFs absorbed more than $1 billion in fresh capital, yet the asset failed to break key resistance and retreated instead. Bitcoin slipped below the $82,500 level this week, even as spot exchange-traded funds tracking the asset pulled in more than $1 billion in net inflows. The mismatch between heavy institutional buying and a weakening price has puzzled market watchers who typically view large ETF inflows as a bullish signal. Under normal conditions, inflows of this size would be expected to push prices higher. ETF purchases require issuers to buy underlying Bitcoin, which should tighten available supply on exchanges.
Source: TheCoinrise
